Category Archive: Finance, No picture
Crude Oil, Gold Prices Echo Sentiment-Driven Swings In US Dollar
Crude oil and gold prices echoed price swings in the US Dollar yesterday. Both commodities edged up in the first half of the day as the greenback corrected lower after the prior session’s gains. That offered a de-facto lift to assets denominated in terms of the benchmark currency on global markets. The move reversed course as the US […]
AUDUSD Daily Analysis – Wednesday, August 8
AUDUSD’s bounce from 0.7348 extended to as high as 0.7439. Further rise is still possible in a couple of days and next target would be at 0.7483 resistance. Near-term support is at the rising trend line on the 4-hour chart, only a clear break below the trend line support could bring the price back towards […]
Sensex Opens Marginally Up; Metal & Energy Stocks Gain
Asian equities are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.4% while the Hang Seng is up 0.2%. The Shanghai Composite is trading down by 0.4%. Meanwhile, the S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fuelled optimism […]
Material ETFs Gaining On Solid Q2 Earnings
With the Q2 earnings season in high gear, almost all sectors are seeing busy trading sessions. In particular, the basic materials sector has been in the spotlight with earnings of about 49% of the total market capitalization that have reported so far up 42% on 11.7% revenue growth. Though earnings growth has been the fourth highest so […]
After Taunting Shorts With Threats Of “Unreal Carnage”, Musk Buys Another $25MM In Tesla Stock
Elon Musk’s feud with Tesla shorts is not business, it’s just personal. One month ago, after lashing out at some vast, anti-Tesla conspiracy (technically, he has a point, Tesla (TSLA) is the most shorted US stock for good reason) in the aftermath of the company’s bizarre earnings call debacle Musk first warned shorts that “oh and […]
Trump To Slap $16 Billion In New Tariffs On Chinese Imports Starting August 23
Completing the latest round of tariffs pledged against China, the US Trade Representative announced on Tuesday (after the close of course) it will impose 25% tariffs on $16 billion worth of Chinese imports starting August 23. The new round of tariffs completes Trump’s previously disclosed threat to impose $50 billion of import taxes on Chinese […]
Dividend Income Update July 2018
It’s dividend income update time. One of my favorite times of the month as I get to review my previous month of passive income received from my dividend income portfolios. On a side note, July was the first time ever I did not reinvest my dividends. This isn’t by choice, rather my broker, Capital One […]
Tesla Discloses Email Sent To Employees About ‘Taking Tesla Private’
An email was sent to Tesla employees today by CEO Elon Musk that stated in part: “Earlier today, I announced that I’m considering taking Tesla private at a price of $420/share. I wanted to let you know my rationale for this, and why I think this is the best path forward. First, a final decision […]
